Southeastern Land Co. v. Jonnard

Opinion op the Court by

Judge Clarke

Affirming.

Prior to August 20th, 1920, appellee was the owner of the St. Charles apartments located at the corner of Second and Walnut streets in Louisville, containing 34 apartments, and upon which there was a mortgage lien of $65,000.00, and appellant was the owner of the Eealty Building located at the corner of Center and Jefferson streets in the same city, containing 67 office suites, and upon which there were two mortgage liens aggregating $97,000.00. Upon that date they entered into a written agreement to exchange these buildings, each party agreeing to…